Scotiabank Lowers Gibson Energy (TSE:GEI) Price Target to C$26.00

Gibson Energy (TSE:GEI) had its price objective lowered by analysts at Scotiabank from C$27.00 to C$26.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 23.81% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. ATB Capital decreased their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Thursday. Jefferies Financial Group decreased their target price on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a research note on Thursday. Royal Bank of Canada reduced their price target on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$25.86.

Gibson Energy Price Performance

GEI traded down C$0.71 during trading on Thursday, reaching C$21.00. The company’s stock had a trading volume of 1,559,843 shares, compared to its average volume of 730,374. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The firm has a fifty day simple moving average of C$24.71 and a two-hundred day simple moving average of C$23.42. Gibson Energy has a 1 year low of C$20.64 and a 1 year high of C$26.10. The company has a market cap of C$3.43 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.85 and a beta of 1.25.

Insider Activity

In related news, Senior Officer Kelly Holtby acquired 2,010 shares of Gibson Energy stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of Gibson Energy stock in a transaction dated Monday, December 9th. The stock was bought at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. Insiders own 0.85% of the company’s stock.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.